Procter & Gamble posts earnings, sale increase in Q1

Net sales of US-based multinational consumer goods corporation rise 7.2% to almost $19.4B in January-March period

By Ovunc Kutlu

ANKARA (AA) - US-based multinational consumer goods corporation Procter & Gamble saw its earnings and net sales increase in the first quarter of 2022, according to its financial results statement released Wednesday.

The company had net earnings of approximately $3.37 billion during the January-March period of this year, up 3.7% from almost $3.25 billion in the same period of last year.

Its net sales totaled almost $19.4 billion for the three months ending March -- a gain of 7.2% from $18.1 billion.

With strong results also surpassing market estimates, Procter & Gamble's stock price was up 0.87% at 8.30 a.m. EDT (1230GMT) before the opening bell of the New York Stock Exchange.

Kaynak:

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